308-310 E State Street, Rockford, IL 61104

• 3 beds |
• 3 baths

Property Description

Prime mixed-use investment opportunity in the heart of Downtown Rockford! Located on highly visible East State Street, this approximately 3,600+ square foot two-story building offers immediate income with excellent upside potential. The main floor is currently leased to Jimmy John's, providing stable rental income from a nationally recognized brand and generating consistent foot traffic in this busy downtown corridor. The second floor features two apartment units ready for renovation, presenting a strong value-add opportunity. With high ceilings, skylights, and abundant natural light, these units have the potential to be transformed into attractive loft-style apartments that fit perfectly with the growing demand for downtown living. An additional benefit is the convenient public parking lot located next to and behind the building, offering easy access for both commercial customers and future residential tenants. Surrounded by restaurants, shops, entertainment venues, and ongoing downtown development, this property enjoys excellent visibility and a prime location in Rockford's revitalizing city center. Whether you're an investor looking for income with upside or a developer seeking a downtown mixed-use project with character, this property offers tremendous potential.

Listing Status:

Active

Data Last Updated:

April 5, 2026 at 7:20AM

Listing Office:

Key Realty - Rockford : 815-713-1100

Listing Agent:

Jorge Da Silva : 815-713-1100

MLS ID:

12589307

Interior

• Basement: UnfinishedFull
• Heating: Natural GasForced Air

Exterior

• Parking: Parking spaces: 0

Location

• Originating MLS: mred
• School District: 205
• County: Winnebago

Lot

• Zoning: 1123382019

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple